The Glenfarne Texas LNG FID is targeting Q2 2026, with the 4 million tonne per annum export terminal at the Port of Brownsville assembling a $5.7 billion bank debt financing package, executing a lump-sum turnkey EPC contract with Kiewit, and expanding its commercial platform through a new 1.5 MTPA offtake arrangement — three milestones in rapid succession that signal construction is weeks away from a green light.
Glenfarne Texas LNG FID: The Commercial Stack
Texas LNG Brownsville LLC has assembled an initial bank group comprising leading infrastructure financiers, with Initial Coordinating Lead Arrangers underwriting $750 million each toward a total senior facility of $5.7 billion. The package will comprise a senior construction facility and a revolving working capital and letter of credit facility. Glenfarne has reported more than $10 billion in total lender interest, providing headroom for broader syndication following the FID itself.
On the offtake side, Texas LNG has secured long-term sales and purchase agreements with EQT, RWE Supply and Trading, Gunvor, and Macquarie. RWE’s agreement — a 20-year SPA signed in January 2026 — covers one million tonnes per annum, giving the project a significant European anchor buyer. In April 2026, Glenfarne also expanded its proprietary commodities platform, Glenfarne Global Commodities, to include a further 1.5 MTPA of Texas LNG offtake, providing commercial flexibility across Atlantic Basin markets and investment-grade fundamentals to support project finance underwriting.
Financial advisory on the debt package is being provided by CIBC and Mizuho. The glenfarne texas lng fid remains subject to satisfaction of financing conditions, but the assembled bank group and completed offtake process represent the final preparatory steps before a construction commitment.
Kiewit EPC Contract and US Fabrication Strategy
Texas LNG and Kiewit, through its subsidiary Kiewit Energy Group Inc., executed a lump-sum turnkey EPC contract on 9 March 2026 — one of the clearest pre-FID signals a project can send. The contract structure transfers construction risk to the EPC contractor and is a standard requirement for project finance lenders on large LNG infrastructure.
Module construction will take place at Kiewit Offshore Services’ Texas facility, a deliberate choice by Glenfarne to onshore the fabrication work. Glenfarne CEO and founder Brendan Duval confirmed the rationale directly: US fabrication avoids tariff exposure, geopolitical supply risk, heavy-lift shipping costs, and Panama Canal transit — while keeping quality control within the project team’s direct oversight. The proximity of Kiewit’s fabrication facility to the Brownsville site was also cited as a cost and logistics factor.
The pre-FID engineering phase involved 14 months of embedded collaboration between the Texas LNG project team and Kiewit, validating the execution approach before committing to the full construction contract.
Texas LNG: Project Specifications and Port of Brownsville Context
Texas LNG is designed as a 4 MTPA liquefied natural gas export facility on the La Quinta Ship Channel within the Port of Brownsville, at the southern tip of Texas. The terminal is designed around electric motor drives, positioning it as one of the lowest-emission LNG export facilities in the US Gulf Coast fleet — a differentiator that has supported its offtake commercial process with European buyers facing carbon compliance pressure.
The glenfarne texas lng fid places Brownsville alongside Corpus Christi and Port Arthur as a third major LNG export cluster on the Texas Gulf Coast. The broader US LNG export buildout — with Cheniere’s Corpus Christi Stage 3 already delivering trains ahead of schedule and Sempra’s Port Arthur LNG under construction — is consolidating the Gulf Coast as the world’s dominant swing supplier for Atlantic and Pacific basin markets through the late 2020s. For a ranked view of the world’s largest export facilities, see the Top 10 LNG Export Terminals 2026.
Alaska LNG: Glenfarne’s Second Front
Alongside Texas LNG, Glenfarne is advancing the Alaska LNG project in parallel. In February 2026, Glenfarne Alaska LNG signed a letter of intent with TotalEnergies for the offtake of 2 million tonnes per annum — a significant commercial validation for a project that has spent years in development without reaching FID. Customer allocations for Alaska LNG are expected to be finalised in the coming weeks, after which those volumes will also be added to the Glenfarne Global Commodities platform.
Alaska LNG is expected to become operational in 2031, giving Glenfarne a supply portfolio spanning both the Atlantic basin via Texas and the Pacific basin via Alaska — a commercial positioning that distinguishes it from single-terminal US LNG developers. Full project details are available at Texas LNG’s official project website.
When is the Glenfarne Texas LNG FID expected?
Glenfarne is targeting a Q2 2026 final investment decision for the Texas LNG project in Brownsville. The project previously targeted early 2026 before the timeline shifted to the second quarter. A $5.7 billion bank debt package and a lump-sum EPC contract with Kiewit are both in place ahead of the decision.
What is the capacity of the Texas LNG Brownsville terminal?
Texas LNG is designed for 4 million tonnes per annum of LNG export capacity. The terminal will be built at the Port of Brownsville on the La Quinta Ship Channel in southern Texas, using electric motor drives to reduce emissions.
Who are the offtake buyers for Texas LNG?
Confirmed long-term offtake agreements are in place with EQT, RWE Supply and Trading, Gunvor, and Macquarie. Glenfarne’s own commodities platform, Glenfarne Global Commodities, has also secured a 1.5 MTPA long-term offtake arrangement to serve Atlantic Basin markets.
Who is the EPC contractor for Texas LNG?
Kiewit, through its subsidiary Kiewit Energy Group Inc., executed a lump-sum turnkey EPC contract with Texas LNG in March 2026. Module fabrication will take place at Kiewit’s Texas facility to avoid tariff exposure and heavy-lift shipping costs.
How does Texas LNG fit into the broader US Gulf Coast LNG buildout?
Texas LNG joins Cheniere’s Corpus Christi facility and Sempra’s Port Arthur LNG as part of a major expansion of US Gulf Coast export capacity. The collective buildout is positioning the US as the dominant supplier for both Atlantic and Pacific basin LNG markets through the late 2020s.